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20130103
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Search Results 0 to 24 of about 25 (some duplicates have been removed)
, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news of the moment is that the house republican leadership is calling its
doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republicans fault. take a listen to what he had to say. >> not because democrats and congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entir
on the senate side. >> that's right. senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits s
able to make it happen. harry reid gave us problem or lack thereof. >> there are two sides still apart, and negotiations are continuing as i speak. there's still more before we can bring ledges laying to the floor. what else is new? can anyone save this congress from itself? turns out the new man responsible is vice president joe biden. yep. that's right. joe biden is the latest person to be called on to try to get congress out of the straight jacket they've put themselves in. the vp and senate minority leader mitch mcconnell exchanged phone calls until midnight last night and again this morning, and appeared to be zeroing in on a tax rate compromise in the region of a $450,000 to $550,000 threshold. a higher rate than the president's earlier compromise as well as an agreement on the estate tax. sticking points remain. president obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will b
harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute. mike emanuel kicks off our fox team coverage live from washington. harry reid said negotiations continue. where do we stand? >> senator reid seemed to be looking ahead to tomorrow's schedule. talks continue but a deal is not implement. another said there's a chance one could be reached tonight. harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed
are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new e
to the cover of this magazine -- it has a list of losers, john boehner, harry reid, barack obama. it's a list of winners is blank. how does john boehner come out looking after what happened over the past four weeks? guest: it is hard to see anything positive. he took on the negotiants for the republicans. he failed to get his own house to come along. plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unempl
the senate has to act. they can do whatever. we're going to say on vacation. who does harry reid have to negotiate with them? where does he go? >> the president and harry reid can only negotiate so much. >> the question becomes if they can get a bill for 250 and below perhaps with the unemployment insurance attached to it, maybe put in sweetener with the estate tax, could they guarantee that would pass the house of representatives? from the statement we do not know that. >> jared, last week it was speaker boehner himself who could not get his own bill passed, the plan "b." and yet here he is trying to put it back on democrats and the president to get the bill passed making it clear they're not prepared to come back to washington and do anything to avoid the fiscal cliff. what do you think's going to happen? >> well, i thought luke took us eloquently through all the scenarios. but to me this is all simple. it really comes down to this. is john boehner willing to introduce a compromise plan in the house of the type the president offered before he left? extend the tax cuts only for the 2
or so we got all of the action get kicked to the senate and mitch mcconnell and harry reid were trying to come to an agreement that they could bring to the senate floor. and sometime about saturday afternoon, saturday evening, mitch mcconnell started to feel like after trading some offers maybe harry reid was slow walking him a little bit. we got into sunday and the majority leader said i don't -- i don't really have a counteroffer i can make to you at this point. and mcconnell takes to the floor and said the majority leader is not negotiating with me so i called joe biden, and i have this nice little scene. national journal did an exhaustive reconstruction of these last few months. and mitch mcconnell is on the floor, and he is given a card that says hey there's a phone call for you. he picks up a phone in a phone booth, and it's the vice president. and he tries to persuade, joe biden, saying hey, i need a dance partner here would you come off of the sidelines. and he said you know the trip wire here. biden says let me get back to you with an offer. a
sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, three business days, the working capital account dies and as a result, you are not going to make payroll next week, that person would be fired. we get three days notice about hitting the debt ceiling? that seems absurd to me. >> it is not a surprise.rise we have known we were coming to this point and there are two months more -- geithner estimated in that letter that the ways in which the federal government can manage money will give about would months worth of head room, possibly even longer. february or march or -- where we really get to the -- rubber hits the road on that issue. so -- this is not a shock to anybody in government but the publication of this letter and the elevation of the issues in attempt was done in 2011. there was an early moatfication by treasury this was about to happen, trying to
. >> thank you, luke. >> so we know now the ball is in the senate's court, emphasis is now on harry reid and mitch mcconnell. seems the house is not in session. johnny isakson, your colleague from georgia said congress should pass the $250,000 and below deal because that's what's going to happen afterwards. do you think that should happen? >> i do not. i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that. however, i talked to some of my democratic colleagues and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential that we start talking about what amount can be passed on a bipartisan basis, because, you know, i'm one who believes you shouldn't tax anyone right now. i would have supported plan b. i think that we've got to come to some terms with the impact that this is going to have and remember the other parts of this, making the child tax credit permanent, the marriage penalty relief permanent. these are things that go with any kind of a threshold that we hopefully could agree on. >>
and a lot of misinformation. harry reid is still blaming grover norquist. send him a memo that norquist took himself out of the discussion a week ago when he backed the house republican plan "b." it's like the old stale talking points. for me, the big picture if you take a step back from this, the big picture story here is one of misplaced outrage. media folks with the commentators on all sides complaining there is a lack of compromise. we need comedy in washington. everybody should come together as starbucks barristas want. the real outrage is what started as an effort to trim the size and scope of government, the push tax cuts a decade ago or whether it was the debate over the debt ceiling, just over a year ago, is going to likely end up at asen effort to expand the size and scope of government. that is something that can only happen in washington. you have people that come together to limit government and bunch of contortions and missed opportunities and bad negotiating, it becomes a de facto expansion of government. >> charles? >> well, you know, there are two events that will happen jan
go up. but cnn is told that senate democratic leader harry reid is privately warning colleagues if he's not sure the president's scaled back bill will pass both houses of congress, he won't even bring it up for a vote. the concern sources say is that a failed vote and going off the fiscal cliff would spook the markets even more. sources in both parties say the most likely scenario at this point is going off the fiscal cliff. why? after january 1st, when everyone's taxes go up, the new congress sworn this on january 3rd could vote to cut taxes. a much easier vote to cast for republicans as well as some democrats. as for the president, is he nhe scheduled to leave his family tonight, come back to washington tomorrow morning, in the hopes of helping his fellow democrats try to find enough republicans to pass his plan. but of course this goes without saying that was a plan that most if not all republicans campaigned very strongly against. >> the most likely scenario is actually did go off the cliff now. ryan liza is our correspondent from washington. you look at this and we're hearing ech
this time around the idea that the president and harry reid in the senate don't have enormous power to get a deal done or stay here. don't go away for the holidays. maybe go to camp david like push did only 8 times and actually get the job done for the american people it's convenient to say it's the tea party fault i am not here to scapegoat then. americans though we have three branches of government. nothing can get passed unless the senate and house both pass bills, right? a tea party is a part of the equation. they do not have the amount of influence that they had before. but they are certainly are necessary to come to some sort of deal here if we're going to get anything done before january 1. i think the bottom line is this: we do not have a short-term deficit crisis. i agree with katrina on that point. we have a revenue problem. and a growth problem. we have millions of americans out of work. that. >> laura: zerlina, you have to be better at math than that. >> i'm very good at math, actually. >> laura: 90% tax rate on the upper income level on the united states is a drop in the buck
to shrink and it's less likely. we are told that senator harry reid is gaming how many republicans would vote for a mini deal and most likely extend the tax rates and those making $250,000 or less. obviously anything that goes forward, they will want to be law. they don't want to do that. he wanted to make sure he can become law. it's unclear whether that could happen right now. where we sit today, days out, the smart money is on us and gives republicans the ability to say we never voted for a tax increase. through congress they put a bill on the floor for 250 and below to pass that to save face. what would that do to the economy? we don't know. the result from that could purr action. >> we spent a lot of time about the tax rates. we haven't talked about the payroll tax. they go up. any idea whether this temporary deal would address those matters as well or is it going to focus on the tax rates and the spending cuts? >> one thing is an extension of unemployment insurance and millions of americans collect unemployment insurance. democrats see it as dimilative for the economy. they buy gro
for the end of the year. nothing is stirring, not even harry reid. yes, i'm still in the christmas spirit. the president meanwhile is in hawaii and won't be returning until tomorrow. now, normally nothing happening would not be big news in washington. nothing happening is kind of the status quo in washington. getting nothing done is to our political system as saying great is to tony the tiger. it's just kind of what we do now. right now, this week, nothing happening is huge news. the reason is that usually when washington doesn't do anything nothing happens. you do nothing, nothing happens. that's how it goes. in fact that's why people call it doing nothing. after you do it, nothing occurs. if washington doesn't do something, a lot happens. all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a doctor then. more than a trillion dollars in spending cuts are triggered. the economy probably falls back into recession, and merry christmas and happy new year from washington to you, the amer
will be on hand. also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health publications, high blood pressure, heart disease, kidney damage, and even cancer. bottom line, for the death your health express yourself. if you're angry, let it all out. don't hold the pack. expressing your emotions could be just the key to that enjoyed a long and healthy life. that's my "2 cents more." thanks for joining is. don't forget to record the show if you cannot catch us live. have a great night and will see you tomorrow. ♪ lou: good evening. the pounding, deafening drumbeat for gun control is rising. emanating principally from washington, the present, and members o
Search Results 0 to 24 of about 25 (some duplicates have been removed)